Fabien _the efficient capital allocator

fabienwks | Joined since 2010-12-10

Investing Experience Advanced
Risk Profile Moderate

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5 hours ago | Report Abuse

Fantastic yield on your investment. I have received 35 sen dividends to date. At my cost price of RM0.90, recouped 38% of capital from dividends.

Watchlist
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2 days ago | Report Abuse

As the world shifting towards generative AI....the demand for electricity will be explosive. Data centres will easily eat 5000MW of electricity consumption. No power. No AI.

Also, massive upgrade of transmission grid is needed to cater for green energy. Tenaga earns fees for usage of their transmission grid.

Best proxy to our country's energy transition agenda.

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2 days ago | Report Abuse

Just spotted inconsistencies within IEA's oil demand projections. Their Q1 oil demand was projected to increase to 1.7M bpd. While their 2024 oil demand was forecasted to rise by 1.3M bpd. These implied a fall in demand for the rest of the year. Seems unlikely given global economy remain resilient. US GDP estimated to grow by 2.3% in Q1.

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3 days ago | Report Abuse

MYEG now owned 16.08% stake in HeiTech Padu

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4 days ago | Report Abuse

Oil price stays above $85. good for upstream earnings. The IEA had just upgraded their view on oil outlook for 2024. Raising world oil demand to 1.3 million bpd in 2024 against supply deficit.

Dialog's terminals business remain resilient admist the Red Sea crisis. tank utilisation sustained at 90%-95% and monthly spot storage rates holding above the SG$6 per cubic meter (cbm) levels.

EPCC losses have narrowed significantly in the past two quarters, and management guided that all legacy EPCC contracts during COVID will be completed by Jun 2024F. After that, Dialog expects the EPCC division to either break even or be slightly profitable.

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4 days ago | Report Abuse

Sell Xpeng EVs much better than Peugeot.

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6 days ago | Report Abuse

No one interested in Superln? Coming result would be good.

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1 week ago | Report Abuse

Head i win, tail i don't lose much.

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1 week ago | Report Abuse

ROE increased to 5.7% in FY2023, from 4.2% in FY2022 and 2% in FY2021. With expected improvement in coming FY, ROE conservatively can achieve 6%. P/BV of 0.6x of historical BV of RM2.30 = RM1.38

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2 weeks ago | Report Abuse

Selling is harder than buying. As a guide, there are various metrics that you can use. Lets use PEG ratio. At current price 23.90, PE ratio = 23.90/1.71 =13.98x. 2023 EPS grew by 17.93%.

P/E-to-Growth (PEG) Ratio = 13.98/17.93 = 0.78. Its PEG remain below 1.0

To reach PEG of 1, the implied PE is 17.93x. Based on latest EPS of 1.71, share price = 1.71 x 17.93 = RM30.66

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2 weeks ago | Report Abuse

By next week, UP will reach the new milestone of reaching RM10 billion market cap category.

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2 weeks ago | Report Abuse

PE at 15x. Share price RM25

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2 weeks ago | Report Abuse

Congrats all shareholders. CPO is within hair breath from 4k now.

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2 weeks ago | Report Abuse

QL results SUPERB. Highest quarterly profit again!

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2 weeks ago | Report Abuse

Warren Buffett in its latest annual letter wrote about the lesson from Coke and American Express. "When you find a truly wonderful business, stick with it. Patience pays, and one wonderful business can offset the many mediocre decisions that are inevitable."

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3 weeks ago | Report Abuse

UP not only outperformed its peers, they even outperformed themselves with FFB average yield/ha increased by 1.50% and OER increased by 2.20%. Their superior operational performance mainly due to their prime age oil palm trees coupled with mechanisation effort as well as sterling plant breeding techniques (high-yielding seed, Clonal DxP).

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3 weeks ago | Report Abuse

They can return more cash to shareholders. They have abandoned their plan to expand Guocera tiles business. Looking at this, it's more likely they will dispose of this non core assets following recent disposals. Their annual operating cash flow amounts to at least RM500mil. This is enough to fund their entry into auto spare parts business.

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3 weeks ago | Report Abuse

At current price, the case of Shang assets (5 hotels and landbanks) are seriously undervalued even taking into account the worst scenario of full write down of its Myanmar associate.

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3 weeks ago | Report Abuse

Aberdeen ceased as substantial shareholders. That's good news.

Fundamentally, the worse is over. Their associate in Myanmar book value is about 200mil after years of impairment. Their land in Penang are all valued at decades old valuation. For example, the undeveloped land at Rasa Ria carried at only 21 sen psf. If revalued at 100psf, there are huge revaluation surplus. With the ongoing property boom in Penang, those undeveloped land is a gold mine, including 8 acre plot in prime area of Batu Ferringhi (book value recorded at RM27 psf).

Shang's fame lies it its strong brand luxury hotels and management. Shang KL (662 room, 5 star hotel) with book value per room of only RM288K. This is absurdly low figure compared to other luxury hotels which sold at RM1million per room.

The Penang hotels even more cheap. Rasa Sayang book value per room is RM315k, Golden Sands at only RM123k. Just take the book rate per night as benchmark and work out the market valuation for these hotels.

Shang is deeply undervalued, prime candidate for privatization. Trading at massive discount to its RNAV.

Their occupancy rates have been improving gradually ranging from 61% to 82%. With Q4 holiday season, expect the hotels to do very well. You can check google review to get a sense of their hotel bookings.

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3 weeks ago | Report Abuse

But this quarter was a real blow out.

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3 weeks ago | Report Abuse

I remember few years back, Lay Hong was traded at RM1

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3 weeks ago | Report Abuse

Touch macro conditions reflected in the results. A very bad quarter result, even worse than Q2 2020 when the whole global economy entered into lockdown.

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3 weeks ago | Report Abuse

Their 9 months free cash flow amounted to 14 sen per share. They have paid 3 sen dividend thus far. Hope for a more juicy dividend in Q4

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3 weeks ago | Report Abuse

They did 9 billion revenue last financial year. 2023 should end up mid of 9 bil and anticipate to break 10 billion in 2024. Their margins have been improving recently. Last quarter they earned about 7% profit margin. Very likely, we will see Q4 earnings being the highest on record.

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3 weeks ago | Report Abuse

EPS at least 8 sen. 15x PE - RM1.20, 20x PE - RM1.60

News & Blogs

3 weeks ago | Report Abuse

How to explain TSH results dropping by 44%? Next week UP results will surprise you.

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3 weeks ago | Report Abuse

Wait for management to sell their non-core assets of Guocera tiles business and more bumper dividends for us.

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3 weeks ago | Report Abuse

Special dividend 50 sen ๐Ÿ˜‹

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3 weeks ago | Report Abuse

The Group is focusing its attention and resources in preparing for this opportunity and is committed to complete all necessary deliverables to ensure its readiness to participate in the exercise. Participation in the upcoming LSS bidding aligns with Uzma Group's strategic objectives and government's Energy Transition towards 2050 Net-zero target.

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3 weeks ago | Report Abuse

SKP main client is Dyson which accounts 75-80% of revenue. Individiually, the rest are immaterial.

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3 weeks ago | Report Abuse

Best quarterly profit in last 5 years.

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4 weeks ago | Report Abuse

Luckily managed to bought first batch at 1.98, averaged again at 1.82 and last batch at 1.76. Take balls to keep buying the dip.

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4 weeks ago | Report Abuse

TP1.30-1.50

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4 weeks ago | Report Abuse

Are their MC correlates? why need to benchmark against them? JTiasa is being valued at 7x trailing PE. forward PE is about 5

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4 weeks ago | Report Abuse

@xiaoeh engine baru start, buying momentum is strong. we are entering seasonally weaker production, CPO price 3.9k-4k is conducive enough for planters to make handsome profit

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4 weeks ago | Report Abuse

๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€

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1 month ago | Report Abuse

Don't forget they have huge forest plantation of 30,978 ha. Based on RM4K/ha, its equity value worth RM124million.

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1 month ago | Report Abuse

Cheapest plantation play remains JTIASA, by a far margin. 5-6x PE. Q4 FFB production increased 30% y-o-y.

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1 month ago | Report Abuse

Risk management on stock price? What is Berkshire class A shares trading now??
Go and find out why Warren Buffett never allows a share split on its stock.

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1 month ago | Report Abuse

Best in class plantation company, very well managed and profitable. trading at less than 12x PE. and some people shout overvalued. what are you doing here, anyway?

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1 month ago | Report Abuse

3 billion market cap company. of which 1.6 billion net cash. generates 280-300 million annual profit. very profitable company at cheap valuation. HOLD.

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1 month ago | Report Abuse

The secret to make money is to buy right and hold tight.

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1 month ago | Report Abuse

Congratulations to all shareholders. Been a long time holder of UP. Just do nothing and wait for harvest.

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1 month ago | Report Abuse

The Body Shop collapses into administration with thousands of jobs at risk

https://finance.yahoo.com/news/body-shop-collapses-administration-132934275.html

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1 month ago | Report Abuse

Never understand why someone want to rationalise their decision to sell in public forum. if want to sell, then sell. no one interested to know, keep your thought process to yourself. happy with 4% p.a. then sell.

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1 month ago | Report Abuse

Singapore Changi Airportโ€™s passenger volumes are expected to reach pre-pandemic levels in 2024, the countryโ€™s transport ministry said in a written response to parliamentary questions.

Monthly passenger traffic recovered to around 90% of pre-Covid levels in December. For the full year of 2023, the airport handled 58.9 million passenger movements, or 86% of traffic recorded in 2019, the ministry said.

Singapore tourism on recovery path, bodes well for GENS

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1 month ago | Report Abuse

PE 100x crazy. wont touch this stock with a ten feet pole. Greatec is better buy